HOUSTON, March 27, 2006 (PRIMEZONE) -- Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that, at the suggestion of a group of its stockholders, it has redesigned Northamerican Energy Group's website, and added an Investor Newsletter page to enable the company to both help keep its stockholders informed on the various projects Northamerican has under consideration, and to explain how these projects might interact with Northamerican's short- and long-term goals and plans for the future.
"Specific public announcements and news releases will continue to be posted as newsworthy events occur, but in the time periods between those releases Northamerican's Investor Newsletter will act fill in the gaps and continue to keep Northamerican's stockholders better informed," stated Jon Ginder, Northamerican Energy Group's CEO.
Northamerican Energy Group Corporation has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves. The Company will concentrate on acquiring prospects, which are and have proven oil and gas production which has been operating for many, many years. By acquiring working interests in proven low-risk fields the Company minimizes the risk by not "wildcatting or drilling dry-holes," and incurring any expense of building major infrastructure to get the product to market. Finally, the Company's low-cost operations and low overhead structure allows the Company to maximize the income and revenue from each production lease.
Safe Harbor Provisions
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.